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The Engagement Works

The Engagement Works

Maximise workforce effectiveness and efficiency for greater productivity and profit with the Engage

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ROI Calculator

Use the ROI calculator below to find out how much difference you can make to your bottom line by reducing attrition and driving up levels of employee engagement. Enter the required values in the yellow cells and check out the green cells for bottom line boost just waiting to happen

The costs of attrition
=
The annual salary of all leavers
Loss of productvity of the individual and the overall impact on the department
+
Cost of training provided to the leaver
Cost of lost knowledge and contacts
+
Cost of recruitment or referral fees (could be 3 months salary)
Lost revenue, sales or goodwill
+
Admin costs of setting on a new starter
Cost of covering the vacant position with temp or other team members
+
Training and induction of new starter
Internal cost of staff replacement; exit interview, leaver process, payroll updates, recruitment ad, cv reviews
+
Productivity lost whilst new starter is learning the role, assume 4-6 months
Attrition cost calculator
Input
Guide
Current attrition rate
Enter your current attrition rate (%)
Total annual salary cost
Enter your annual salary cost (£)
Attrition cost to the bottom line
£1,200,000
Eg a 20% attrition rate will see a cost to the bottom line of 20% of total salary cost
Target attrition rate
Enter your target attrition rate (%)
Revised attrition cost to the bottom line
£1,000,000
Revised cost based on target attrition rate
Potential savings to go straight to the bottom line
£200,000
Source
The costs of a disengaged workforce
Higher level of absenteeism
+
Cost of training provided to the leaver
Disruption to colleagues
+
Higher management costs
Negative impact on customer service
+
Higher level of customer complaints
Engagement efficiency savings calculator
Input
Guide
Current employee engagement level %
%
High
Statistics suggest highly engaged employees are 35% more efficient
Average
Disengaged
Disengaged employees account for approx -20% of the bottom line
Total %
100%
Current net profit
Enter your current net profit
Target employee engagement level %
%
High
Assuming higher engaged employees are 35% more productive
Average
Disengaged
Assuming disengaged employees are -20% productive than average
Total %
100%
Potential increase to your bottom line through higher engagement
£291,971
Sources: Glassdoor
Engage for Success
With lower staff turnover and higher efficiences you could boost your bottom line by….
£491,971
Contact us today to request a demo of Engage

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